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DNO swaps North Sea assets for stakes in Atlantis and Afrodite projects, pending approval.
Norwegian oil company DNO has completed a non-cash asset swap with Equinor, exchanging stakes in four non-core North Sea projects for a 19% interest in the Atlantis discovery and a 10% stake in Afrodite, both near the Kvitebjørn field.
The move supports DNO’s strategy to boost near- to medium-term production, as Atlantis is on track for a final investment decision in early 2027, with production expected to start by late 2029 at 8,000 barrels of oil equivalent per day.
Afrodite and the nearby Carmen discovery may be tied back to Kvitebjørn, with appraisal wells planned for 2026.
The transaction remains subject to regulatory approval.
DNO intercambia los activos del Mar del Norte por participaciones en los proyectos Atlantis y Afrodite, pendiente de aprobación.